Upstream Security raises $30 million to protect connected cars from cyberattacks>
Venture Beat – Paul Sawers
Upstream Security, a cloud-based cybersecurity platform for connected cars, has raised $30 million in a series B round of funding led by Alliance Ventures, an automotive alliance constituting Renault, Mitsubishi, and Nissan. Volvo Group, Hyundai, CRV, Glilot Capital, Maniv Mobility, and Nationwide also participated in the round. The connected car market was pegged at $63 billion in 2017, a figure that could rise to more than $200 billion by 2025. ounded in 2017, Upstream Security is adopting a âmulti-layerâ approach to protecting connected cars and the underlying network infrastructure. Its C4 platform integrates with automotive data streams of vehicles and promises to detect incidents as they happen in real time, allocating a rating based on perceived impact and severity.
Link: https://venturebeat.com/2019/10/21/upstream-security-raises-30-million-to-protect-connected-cars-from-cyber-attacks/